Editorial Sales tax on power is a no-no
As though an electrical power rate increase announced late last year of about 5.2 per cent to direct power users weren’t enough, it is now being proposed that a sales tax be added to the cost of power…
News
Rouyn bulk sampling at Francoeur gold project
A 33,500-ton bulk sampling program at the Francoeur property is expected to be completed by May, Rouyn Mining Resources (TSE) says. Following the completion of the mining program, the company plans to…
Int. Coast Minerals drills B.C. gold bet
International Coast Minerals (VSE) has started a $340,000 drilling, trenching and sampling program on its Bear gold prospect in the Kennedy River area west of Port Alberni on Vancouver Island. The com…
Vancouver Stock Exchange Prime tight-lipped over NAM bid
It looks as if Murray Pezim’s Prime Capital will sit tight for a while to see where the cards fall in its takeover (via a private placement) attempt for North American Metals. (A gremlin crept into ou…
Cliff improves recovery rate at Olinghouse placer project
Thanks to a more efficient mining method and some new technology, Cliff Resources (TSE) is planning to extract about 20,000 oz gold this year from its Green Hill placer gold mine at Olinghouse, Nev. O…
Flint Rock flow-through to finance Teck program
Downsview, Ont.-based Flint Rock Mines (VSE) says it is seeking approval for a $105,000 flow- through share issue for exploration at a property in the Larder Lake, Ont., region. Flint Rock says the is…
Alberta Stock Exchange Lacklustre session
In a relatively uneventful trading session, International Baslen Enterprises topped the list. With 422,500 shares changing hands the issue gained 15 cents to close at 93 cents . International Baslen …
Energex considers heap leaching at Toodoggone gold property
The possibility of combining seasonal heap leaching with conventional milling is being considered by Energex Minerals (VSE) at its Al gold property in the Toodoggone area of British Columbia. “Project…
Drill heads for Sullivan target
Drilling is scheduled to start this week on a single 5,000-ft hole near Cranbrook, B.C., in similar geological terrain as that which hosts the Sullivan lead-zinc-silver mine. The hole, which is estima…
Atlantic Report Stratabound gets polymetallics
Stratabound Minerals of Calgary recently acquired two New Brunswick properties in the Bathurst camp containing substantial reserves of copper, cobalt, gold, silver, lead and zinc. The Captain and Tayl…
Gold strategy pays of in Moinorco’s balance
Debt free and equipped with just under $900 million(US) for precious metal acquisitions, Luxembourg-based Minorco (NASDAQ) has confirmed its new precious metals acquisition strategy by investing in tw…
Galactic announces European offering
Galactic Holdings, a wholly- owned subsidiary of Vancouver- based Galactic Resources (TSE), recently announced a European public offering to help reduce a $14- million(US) debt load incurred during a …